Composition scheme compliance: electronic intimation and cumulative input tax credit adjustment required under GST rules. Registered persons opting for the composition scheme for 2020-2021 must electronically file FORM GST CMP-02, verified by signature or electronic verification code, and furnish FORM GST ITC-03 as per rule 44(4) by the prescribed date. Rule 36 now requires cumulative input tax credit conditions for February-August 2020, with the September 2020 FORM GSTR-3B to include cumulative ITC adjustments for those months. The notification is deemed effective from 3 April 2020.
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Provisions expressly mentioned in the judgment/order text.
Composition scheme compliance: electronic intimation and cumulative input tax credit adjustment required under GST rules.
Registered persons opting for the composition scheme for 2020-2021 must electronically file FORM GST CMP-02, verified by signature or electronic verification code, and furnish FORM GST ITC-03 as per rule 44(4) by the prescribed date. Rule 36 now requires cumulative input tax credit conditions for February-August 2020, with the September 2020 FORM GSTR-3B to include cumulative ITC adjustments for those months. The notification is deemed effective from 3 April 2020.
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